The Greatness of FMC Tech

During last night's show we didn't have time to include all of the information we'd originally planned on sharing about FMC Technologies, a maker of subsea trees. FMC is the latest company in our series on clean drilling – and one of very few stocks that was actually up today – but there's room to go into more detail here if anyone's interested in the stock.

First of all, and I think this is pretty important, FMC Technologies has a great relationship with Brazil's PetroBras. They've been selling Petrobras subsea trees since the 1960s, and given that huge find in the Tupi field off the coast of Brazil, Petrobras is definitely going to be in the market for subsea trees in order to productively get at all that oil.

We also didn't have time to talk about FMC Tech's longer-term new-tech business in subsea processing equipment, which is used to separate water and gas from oil while underwater. The customers love it because it increases production, and it means they don’t have to build another platform to house the separation equipment or expand their existing equipment on their platforms. FMC Tech has won five contracts for subsea processing equipment in the last two years, and we think this business should grow even larger in the future.

I also wanted to note that the first time we featured FMC Technology was on Sept. 29, 2005, when the stock was at a split adjusted $20.15, giving anyone who bought it back then at that price a 283% gain as of today's close.

And speaking of gains, in our segment on the merger of Republic Services and Allied Waste, Jim made it very clear that he wasn't backing away from Waste Management, still the largest waste disposal company, with a stock that's up a healthy 9.8% since Jim interviewed the CEO on Feb. 13 of this year.

Cliff Mason is the Senior Writer of CNBC's Mad Money w/Jim Cramer, and has been that program's primary writer, in cooperation with and under the supervision of Jim Cramer, since he began at CNBC as an intern during the summer of 2005. Mason was the author of a column at during 2007, which he describes as "hilarious, if short-lived." He graduated from Harvard College in 2007. It was at Harvard that Mason learned to multi-task, mastering the art of seeming to pay attention to professors while writing scripts for Mad Money. Mason has co-written two books with Jim Cramer: Jim Cramer's Mad Money: Watch TV, Get Rich and Stay Mad For Life: Get Rich, Stay Rich (Make Your Kids Even Richer). He is 100% responsible for any parts of either book that you did not like.

Mason has also had a fruitful relationship with Jim Cramer as his nephew for the last 23 years and will hopefully continue to hold that position for many more as long as he doesn't do anything to get himself kicked out of the family.

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